Legacy Benefits L.L.C. has received a license that gives it the ability to buy in-force life insurance policies in the Aloha State.
Legacy Benefits, New York, says Hawaii has granted it a life settlement provider license.
The firm earlier obtained a license from Nevada.
“We are attaining additional licenses as further regulation is enacted by the various states,” says Legacy Benefits President Meir Eliav.
Legacy says it now is licensed to buy policies in more than half of the 50 states and has undertaken an effort to continue obtaining more licenses.
“Legacy Benefits supports licensing and other industry regulations that safeguard consumers and help maintain the highest integrity in the field,” Eliav says. “We have always adhered to our own best practice standards and encouraged others to do the same.”